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TENNANT CO — Director's Dealing 2005
Nov 11, 2005
31915_dirs_2005-11-10_c1f1e84e-124f-4279-92bf-a1e21368b2c4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TENNANT CO (TNC)
CIK: 0000097134
Period of Report: 2005-11-08
Reporting Person: KILLINGSTAD CHRIS (VP - North America)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2005-11-08 | Performance Shares | $ | A | 20000 | Acquired | Common Stock (20000) | Direct |
Footnotes
F1: Conversion will be one-for-one.
F2: The performance shares will be earned if the Company achieves specified total shareholder return objectives (as defined in the performance share agreement) measured during the third, fourth and fifth years following Mr. Killingstad's appointment as President and Chief Executive Officer. If the objective is achieved by November 30, 2008, Mr. Killingstad will earn all of the shares under the award. If the objective for such year is not achieved, but the objective specified for November 30, 2009 is achieved, Mr. Killingstad will earn 13,333 shares. If the objective for November 30, 2009 is not achieved, but the objective specified for November 30, 2010 is achieved, Mr. Killingstad will earn 6,667 shares.